Sketches in Crude-oil: Some accidents and incidents of the petroleum development in all parts of the globeMcLaurin, John J. (John James)
History
Sketches in Crude-oil: Some accidents and incidents of the petroleum development in all parts of the globe
McLaurin, John J. (John James)
Petroleum -- History; Petroleum industry and trade -- North America -- History
To put the idea to the test was the next wrinkle. Mr. Eveleth agreed
with Bissell’s theory. Their first impulse was to bore a well
themselves. Reflection cooled their ardor, as this course would involve
the loss of their practice for an uncertainty. Mr. Havens, a Wall-street
broker, whom they consulted, offered them five-hundred dollars for a
lease from the Pennsylvania Rock-Oil Company. A contract with Havens, by
the terms of which he was to pay “twelve cents a gallon for all oil
raised for fifteen years,” financial reverses prevented his carrying
out. The idea of artesian boring was too fascinating to lie dormant. Mr.
Townsend, president of the company, Silliman having resigned, employed
Edwin L. Drake, to whom in the darker days of its existence he had sold
two-hundred-dollars’ worth of his own stock, to visit the property and
report his impressions. Mrs. Brewer and Mrs. Rynd had not joined in the
power-of-attorney by which the agent conveyed the Brewer-Watson lands to
the company, hence they would be entitled to dower in case the husbands
died. Drake was instructed to return by way of Pittsburg and procure
their signatures. Illness had forced him to quit work—he was conductor
on the New-York & New-Haven Railroad—for some months and the opportunity
for change of air and scene was embraced gladly. Shrewd, far-seeing
Townsend, who still lives in New Haven and has been credited with “the
discovery” of petroleum, addressed legal documents and letters to
“Colonel” Drake, no doubt supposing this would enhance the importance of
his representative in the eyes of the Oil-Creek backwoodsmen. The
military title stuck to the diffident civilian whose name is interwoven
with the great events of the nineteenth century.
[Illustration: JONATHAN TITUS.]
Public-domain text, read in full here on John Shaqi.
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